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Gold/Mining/Energy : Silver prices
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To: Ray Hughes who wrote (1887)6/16/1999 10:56:00 PM
From: ForYourEyesOnly  Read Replies (1) of 8010
 
Thanks Ray! I appreciate your knowledge & experience.....talk is that the physical supplies are getting tight, and that much of the remaining Comex metal is not of high quality. What have you heard about this?

From DA at Kitco:

One interesting note in the silver department is that high grade physical is in very short supply right now. Premiums over spot for immediate delivery are running around 4 cents. This is quite unusual but is partly explained by the slowdown of the Penjoles ( sp? ) mine in Mexico which was producing something like 30 MM ounces a year but environmental problems of late have caused a cutback in production to around the 10MM ounce per year level. All of their production is high grade and can go directly into industrial processes ( film ) .
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